Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A provider of software and services to the publishing industry, Ingenta (ING) announced half-year results in September with headlines including “Group revenues of £5.3m (2018: £6.4m)… Adjusted EBITDA of £0.3m (2018: £0.5m)”. However, also emphasised was “the board remains confident of achieving a material improvement in the trading performance of the group for the remainder of the year and beyond, as the benefits of the recently announced sales wins and restructuring begin to be recognised in our reported results” – and, importantly, these words have since been seemingly supported by management actions…
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